Payday credit billas restrictions could increase with possible amendment

Payday credit billas restrictions could increase with possible amendment

COLUMBUS, Kansas a Ohio Sen. Matt Huffman said he or she is dealing with a modification to a payday lending constraint statement allowing people to borrow extra money.

Huffman said he would like to increase the $500 per loan ceiling in-house statement 123 to $1,000 or $2,500. At exactly the same time, the Lima Republican said the guy desires limit individuals to a couple of loans at any given time.

H.B. 123 passed the Kansas quarters last week and is also anticipated to bring the first hearing for the Senate Finance Committee on Tuesday afternoon. Read more